News

Lumber Layoffs

Roper Brothers Lumber has laid off dozens of workers due to a slowdown in the housing sector. The Petersburg-based company, which had operations around Virginia and North Carolina, closed a plant in Raleigh, let go of around 22 workers at a Newport News Truss plant, and cut the size of the workforce at showrooms in… Read more »

Richmond Starbucks Safe…for now

Starbucks won’t close many of its Richmond locations, if any, according to several local employees who asked that their names not be used because they are not allowed to speak on behalf of the company. ast week, BizSense reported that Starbucks announced plans to close 600 stores and cut 12,000 jobs.

Slinging Bling: Car accessory shops diversify

A young man no more than 14 greets customers at the Williams Plaza and Auto Center on Richmond’s South Side. He sizes up one customer’s car, and by association its driver. So does everyone else at the combination workshop / parking lot. “What do you need?” he asks. But then he finds out the driver… Read more »

Blue Chips: Local business helps coaches keep track of recruits

As owner of Game On Recruiting Systems, Julie Lewis helps college coaches at smaller schools stay organized. Most Americans retire when they are 65 – or at least hope to. Julie Lewis contemplated retirement at 30. Of course that was before Lewis put aside retirement plans in favor of a small business venture aimed at… Read more »

FBI nabs Virginia movie uploader

A Virginia man is facing 10 years in prison for posting movies online. His website once released the latest Star Wars movie six hours before it hit theaters nationwide. Investigations by the FBI, including the field office in Richmond, VA, have led to the conviction of Daniel Dove, 26, on counts of conspiracy and felony… Read more »

Which Richmond Starbucks might go?

Yesterday Starbucks said it is going to close 600 stores around the country. There are at least 10 in Richmond. Click here for a map. The company said it will close relatively new stores that have only been open since the beginning of fiscal 2006. Starbucks identified stores that were either not profitable or not… Read more »

CarMax and Circuit City: Sniffles and Pneumonia:

It was a rough week for CarMax and Circuit City. CarMax stock shed $2 a share, or about 11%, on news that profits at the company dropped 55%. Meanwhile, Circuit City – the company from which CarMax was spawned – is on life support and looking for a transfusion. Or is it an organ transplant?

Networking online … helpful or just a passing fad?

The professional networking site LinkedIn just raised $53 million in capital, which pegs the company’s valuation at around $1 billion. Technology analysts are wondering if that’s a tad high. How much social networking sites can extract from advertisers and subscribers, after all?